imports
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Pakistan’s trade deficit narrows by 33.5%, imports down by 17.3%
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A representational image of shipping containers at a dockyard. — AFP/File Recent data released by the Pakistan Bureau of Statistics (PBS) has shown that the country’s trade deficit has witnessed a whopping 33.59% with a notable 17.3% decrease in imports…
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$8b discrepancy unearthed in exports, imports | The Express Tribune
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KARACHI: Pakistani traders have allegedly been found involved in discrepancies of over $8 billion through under-invoicing of imports and exports of goods to four major trading partners, causing significant foreign exchange losses, tax revenue losses and supporting financial transactions via…
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Russian crude imports face constraints | The Express Tribune
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KARACHI: Pakistan is unlikely to meet a target for Russian crude to make up two-thirds of its oil imports, despite attractive prices, hampered by a shortage of foreign currency and limitations at its refineries and ports, officials and analysts say….
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Govt allows imports for EPZs | The Express Tribune
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ISLAMABAD: In a strategic move to expedite the development of Export Processing Zones (EPZs) and achieve ambitious export targets, the Pakistani government has taken a momentous step by allowing the import of construction material from tariff areas into EPZs in…
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China’s Russian oil imports rise in April | The Express Tribune
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SINGAPORE/BEIJING: China’s crude oil imports from Russia rose 8.6% in April from a year earlier, as larger private refiners also embarked on purchases of the discounted fuel. Arrivals from Russia, including seaborne shipments and supplies via pipelines totalled 7.1 million…
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Panic over blocked imports in crisis-stricken Pakistan
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A security personnel stands guard beside a ship carrying containers on Gwadar port. AFP/File Pakistan business chiefs are clamouring for the cash-strapped government to allow manufacturing materials stuck at the key port of Karachi into the country, warning that a…
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Ban on imports to render millions jobless: business leaders | The Express Tribune
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Business leaders are clamouring for the cash-strapped government to allow manufacturing materials stuck at the key port of Karachi into the country, warning that a failure to lift a ban on imports will leave millions jobless. Faced with critically low…
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SBP directs banks to facilitate the release of imports | The Express Tribune
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KARACHI: The State Bank of Pakistan (SBP) on Monday announced a one-time facility for import-driven businesses in crisis, as it directed commercial banks to process import documents to release the majority of goods stuck up at Karachi ports. The directives…
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Parts makers oppose used tractor imports | The Express Tribune
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LAHORE: Auto parts manufacturers have rejected the Economic Coordination Committee’s decision to import second-hand tractors, terming it ill-advised and dangerous, as it will deal a blow to the engineering industry of Pakistan. In a statement on Saturday, Pakistan Association of…
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Pakistan imports threatened as forex reserves hit eight-year low
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An undated image of the US dollar. — AFP/File KARACHI: Pakistan’s central bank forex reserves have plunged to an eight-year low of $5.6 billion, posing a serious challenge for the country in financing imports. Coupled with another $5.8 billion held…
